INTEREST RATE UPDATE FROM MICKEY CARLTON FOR 12/11/07:
Investors turned optimistic late last week when the administration announced plans to aid beleaguered subprime mortgage holders. Anticipation of a rate cut from the Federal Reserve also encouraged stock traders to return to the "buy side". The result was a worsening by .25% in mortgage rates that had been gained during the previous week. We are currently pricing 30 yr conforming (<$417K) fixed rate mortgages between 6.125% and 6.625% without points or origination fees. Individual borrowers' rates are determined by loan size and creditworthiness.
For more information, write me at: www.audreybutlerhomes.com
Investors turned optimistic late last week when the administration announced plans to aid beleaguered subprime mortgage holders. Anticipation of a rate cut from the Federal Reserve also encouraged stock traders to return to the "buy side". The result was a worsening by .25% in mortgage rates that had been gained during the previous week. We are currently pricing 30 yr conforming (<$417K) fixed rate mortgages between 6.125% and 6.625% without points or origination fees. Individual borrowers' rates are determined by loan size and creditworthiness.
For more information, write me at: www.audreybutlerhomes.com
